218 W Clemmens Lane

FALLBROOK, CA 92028

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Description

Casa Loma is a 48-unit apartment home community located in beautiful Fallbrook, California. The offering consists of two 2-story garden style buildings with a mix of studio, one and two-bedroom units. Casa Loma is located in a desirable residential neighborhood with proximity to the busy and vibrant town center. Residents are walking distance to abundant retail and neighborhood amenities including Clemmens Lane Park, Rite Aid, Northgate Market, Albertsons and Starbucks to name a few. While the property is very well maintained, in-place rents are below market. When compared to other similar communities in Fallbrook, the rents at Casa Loma show room for growth to current market rents. Fallbrook is located in San Diego's North County Inland submarket. It is situated 1/4 mile from the east gate of the Marine Corps base Camp Pendleton. Fallbrook is "life in the country" yet within a 30 minute drive of Vista, Oceanside, Temecula, San Marcos & Escondido.

Property Details

Property type:

Commercial-Res Income

Age of Building:

1975

Acreage:

1

Number of Buildings:

2

Number of Stories:

2

Number of Carports:

32

Total Number of Parking Spaces:

73

Location

County:

San Diego

Additional Details

Number of Units:

48

Number of Stories:

2

Total Monthly Rent:

$49,060

Price Per Unit:

$150,000

Down Payment:

$3,000,000

Gross Equity:

$3,000,000

SqFt of Improvement:

29,360

Lot Size:

.75 through 1.5 Acres

Assessors Parcel #:

104-200-57-00

Zoning:

G36

Cooling:

Wall/Window

Heating Equipment:

Wall

Roof:

Composition

Laundry:

Leased

Parking:

Carports, Spaces

Unit Details

Unit 1

Number of Units:

16

Number of Baths:

1

Rent:

$912

Unit Rental Total:

$14,590

Unit 2

Number of Units:

24

Number of Bedrooms:

1

Number of Baths:

1

Rent:

$1,005

Unit Rental Total:

$24,110

Unit 3

Number of Units:

8

Number of Bedrooms:

2

Number of Baths:

2

Rent:

$1,295

Unit Rental Total:

$10,360

Features

Amenities:

BBQ, Heated Pool

Construction Features:

Frame, Stucco

Laundry Utilities:

Leased

Listing provided by

Kidder Mathews

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Fallbrook

Rolling hills, agriculture fields, ancient oak trees, and trails for biking, hiking and horseback riding all combine with a Mediterranean climate to make Fallbrook, Bonsall and Rainbow in far northern San Diego County a unique place to call home. Here, you can still get a sizeable piece of property for a lot less than in some other areas of the county, and the ocean is only 15 miles away. The ... Read More

Rolling hills, agriculture fields, ancient oak trees, and trails for biking, hiking and horseback riding all combine with a Mediterranean climate to make Fallbrook, Bonsall and Rainbow in far northern San Diego County a unique place to call home. Here, you can still get a sizeable piece of property for a lot less than in some other areas of the county, and the ocean is only 15 miles away. The area also maintains a very small-town feel with many community activities and events throughout the year.